Cincinnati Financial
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
21.4820.97
Price/Sales ratio
2.312.25
Earnings per Share (EPS)
$7.15$7.32

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
16.2915.2821.1011.7843.988.5911.586.18-33.458.817.328.59
Price/Sales ratio
1.731.882.282.142.332.161.861.902.471.621.852.16
Price/Book Value ratio
1.301.501.761.491.611.731.301.391.541.341.631.61
Price/Cash Flow ratio
9.809.1111.3011.7010.6814.209.449.257.927.918.7014.20
Price/Free Cash Flow ratio
9.909.1911.4411.8910.8714.499.579.327.987.988.8014.49
Price/Earnings Growth ratio
10.300.74-2.910.15-0.600.01-0.300.040.28-0.019.52-0.60
Dividend Yield
3.24%3.77%2.45%3.24%2.66%2.06%2.66%2.15%2.60%2.79%2.24%2.24%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%100%100%100%
Operating Profit Margin
15.65%18.16%15.87%13.66%5.62%31.86%20.60%38.96%-9.76%23.26%23.61%5.62%
Pretax Profit Margin
14.58%17.13%14.90%12.73%4.64%31.19%19.89%38.12%-10.55%22.73%31.83%4.64%
Net Profit Margin
10.61%12.32%10.84%18.23%5.30%25.20%16.13%30.83%-7.40%18.40%25.25%5.30%
Effective Tax Rate
27.18%28.03%27.21%-43.15%-14.34%19.21%18.87%19.72%29.87%19.02%20.65%-14.34%
Return on Assets
2.79%3.35%2.89%4.78%1.30%7.85%4.41%9.45%-1.63%5.62%8.29%1.30%
Return On Equity
7.98%9.86%8.37%12.67%3.66%20.24%11.27%22.64%-4.61%15.23%23.92%3.66%
Return on Capital Employed
10.51%12.93%11.01%8.67%3.52%9.95%5.64%11.97%-2.15%7.11%7.75%3.52%
Liquidity Ratios
Current Ratio
0.050.040.060.050.050.05N/AN/AN/AN/AN/A0.05
Quick Ratio
0.050.040.060.050.05168.64131.96150.64180.5N/AN/A168.64
Cash ratio
0.050.040.060.050.0519.6616.6621.0925.28N/AN/A19.66
Days of Sales Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Ratios
Debt Ratio
0.040.040.030.030.030.030.030.020.020.020.020.03
Debt Equity Ratio
0.120.120.110.090.100.080.070.060.070.060.060.08
Long-term Debt to Capitalization
0.100.100.100.080.090.070.060.050.060.060.050.07
Total Debt to Capitalization
0.110.110.100.080.090.070.070.060.070.060.050.07
Interest Coverage Ratio
9.9011.9611.1519.715.4137.6722.51N/AN/AN/A53.145.41
Cash Flow to Debt Ratio
1.041.291.361.291.441.461.772.342.442.512.951.44
Company Equity Multiplier
2.852.932.882.642.802.572.552.392.822.702.682.68
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.170.200.200.180.210.150.190.200.310.200.210.21
Free Cash Flow / Operating Cash Flow Ratio
0.980.990.980.980.980.980.980.990.990.990.980.98
Cash Flow Coverage Ratio
1.041.291.361.291.441.461.772.342.442.512.951.44
Short Term Coverage Ratio
17.8130.455.1543.8336.9030.9727.6136.6841.0482.08103.3636.90
Dividend Payout Ratio
52.95%57.72%51.77%38.27%117.07%17.77%30.83%13.30%-87.03%24.63%15.66%17.77%